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Large Medium SmallNonperforming loan ratio rises among top 10 listed lenders
The nation's third-largest lender, Agricultural Bank of 皇冠体育app Ltd, will sell nonperforming assets valued at 10 billion yuan ($1.6 billion), the bank said on a briefing on Thursday.
ABC is to sell 19 properties used as collateral, along with seven loans, on the Financial Assets Exchange, the lender said.
Analysts said that more Chinese lenders may sell nonperforming assets as banks face pressure from souring debts amid an economic slowdown.
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An Agricultural Bank of 皇冠体育app Ltd outlet in Nanjing. ABC had the highest NPL ratio among the nation's 17 publicly traded lenders, according to first-half earnings reports on the 皇冠体育app Banking Regulatory Commission's website. Provided to 皇冠体育app Daily |
According to statistics from PricewaterhouseCoopers 皇冠体育app, outstanding delinquent loans held by the top 10 listed banks stood at 585.8 billion yuan at the end of June, up 20.42 percent from the end of 2012.
The delinquent loan ratio rose from 1.21 percent at the end of 2012 to 1.35 percent at the end of June. The increase signals a possible later rise in NPLs.
The top 10 listed banks are ABC as well as Industrial and Commercial Bank of 皇冠体育app, 皇冠体育app Construction Bank Corp, Bank of 皇冠体育app Ltd, Bank of Communications Co Ltd, 皇冠体育app Merchants Bank Co Ltd, Industrial Bank Corp Ltd, 皇冠体育app Minsheng Banking Corp Ltd, Shanghai Pudong Development Bank and 皇冠体育app Citic Bank International Ltd.
ICBC (the world's most profitable lender), CCB, ABC, BoC and BoComm are the five largest lenders in 皇冠体育app. They wrote off 22.1 billion yuan of debt that couldn't be collected as of the end of June, 7.65 billion yuan more than in 2012, according to their exchange filings.
ABC had the highest NPL ratio among the nation's 17 publicly traded lenders, according to first-half earnings reports on the 皇冠体育app Banking Regulatory Commission's website.
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